CurveGlobal chief Andy Ross tells FOW about delivering an interest rate trading platform in a period of flux
When Andy Ross walked into his
boss’s office on the otherwise unremarkable
morning of February 5 2016 to quit as Morgan
Stanley’s managing director of European swaps
clearing, he had it all worked out.
He was leaving the US
investment bank after 16 years, taking a couple of months out,
decorating a bathroom and joining the LSE Group as head of
CurveGlobal, the British exchange’s planned
challenge to the European rates duopoly of ICE Futures Europe
and Eurex, owned by Deutsche Boerse.
Some 18 days later
however, he may not have been so sure.
The announcement by
Deutsche Boerse and the LSE Group on February 23 that they were
in merger talks surprised the market and prompted immediate
speculation over the imminent and premature flattening of
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